Rio Cristal Resources Corporation
TSX VENTURE : RCZ
BVLAC : RCZ

Rio Cristal Resources Corporation

March 07, 2011 09:30 ET

Rio Cristal Resources Appoints Investor Relations Firms

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 7, 2011) - Rio Cristal Resources Corporation ("Rio Cristal") (the "Company") (TSX VENTURE:RCZ)(BVLAC:RCZ) announces that it has entered into agreements (the "Agreements") whereby Bernie Kennedy Consulting Inc. ("BKC") and Global Vista S.A. ("Global Vista") will provide investor relations services to the Company. Both Agreements are effective March 1, 2011, have a term of twelve months and are subject to acceptance by the TSX Venture Exchange.

About Bernie Kennedy Consulting Inc.

BKC is based in British Columbia and provides corporate communications services to public companies in North America and specializes in the development and management of customized marketing programs. Principal Bernie Kennedy brings over 14 years marketing and corporate communications experience to Rio Cristal with the goal of raising market awareness and improving the information conduit between management and Rio Cristal's shareholder base.

About Global Vista S.A.

Global Vista is a private consulting firm based in Lima, Peru that specializes in investor and media relations for junior exploration and mining companies in Peru and Latin America. Principal Lucia Cestti is a specialist in media and investor relations.

Services to be Provided

Pursuant to the Agreement with BKC, BKC will provide investor relations services to Rio Cristal in North America, including assisting Rio Cristal with its investor relations strategy; preparing and distributing investor materials; website design, construction and maintenance; investor telecommunications; and investor presentations.

Pursuant to the Agreement with Global Vista, Global Vista will provide investor relations services to RCZ in Peru, including assisting Rio Cristal with its investor relations strategy; preparing and distributing investor materials; website design, construction and maintenance; investor telecommunications; and investor presentations.

Compensation

Rio Cristal, through its wholly owned Peruvian subsidiary, will pay BKC a monthly fee of C$5,500 plus applicable taxes. The total cost to Rio Cristal during the 12 month term will be US$66,000 plus applicable taxes and approved expenses. Effective March 1, 2011 BKC will also receive 100,000 options exercisable for a period of 60 months at an exercise price of $.32 per share, with 25% to vest at the beginning of each three months of the contract.

Rio Cristal, through its wholly owned Peruvian subsidiary, will pay Global Vista a monthly fee of US$4,200 plus applicable taxes. The total cost to Rio Cristal during the 12 month term will be US$50,400 plus applicable taxes and approved expenses. Effective March 1, 2011 Global Vista will also receive 50,000 options exercisable for a period of 60 months at an exercise price of $.32 per share, with 25% to vest at the beginning of each three months of the contract.

About Rio Cristal Resources Corporation

Rio Cristal is a Canadian corporation focused on the discovery and further development of gold, copper and zinc deposits in Peru. Rio Cristal's most advanced exploration project is the 18,000 hectare Bongará zinc claim block located in northern Peru. Initial drilling results confirm that the project is within an important emerging Mississippi Valley-type zinc district. Rio Cristal expects to begin a second, 6,000 meter drill campaign in early 2011 when seasonal rains end.

The Company is completing drilling and analysis at its 2,500 hectare Condor gold project near Nazca, Peru. The principal economic targets at Condor are gold-mineralized, potentially bulk-mineable zones hosted in sandstone and volcaniclastic sequences of Cretaceous to Lower Tertiary age.

Rio Cristal recently acquired an option on the La Cumbre copper project which includes 4,500 hectares near Nazca, Peru. Initial surface exploration and permitting are underway. Rio Cristal expects to drill 5,000 meters in 2011.

ON BEHALF OF THE BOARD OF DIRECTORS

Thomas Findley, President and CEO

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the intended provision of investor relations services on behalf of Rio Cristal, mineral potential and planned exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, realized mineralization of properties and the timing and success of future exploration, development and production activities.

Information about Rio Cristal Resources Corporation can be found on Rio Cristal's website, www.riocristalresources.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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